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Dec 31, 2012
12/12
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. >>> negotiations are going on right now in washington to avoid the so-called fiscal cliff. the president and lawmakers have just hours left to reach an agreement before the midnight deadline. tonight on ktvu channel 2 news at 5:00, a live report from washington and a look at the impact these last-minute talks are having today. >>> again, thank you for trusting ktvu channel 2 news. we'll see you the next time news breaks. also, we're always here for you at ktvu.com and mobile ktvu.com. have a good afternoon.
. >>> negotiations are going on right now in washington to avoid the so-called fiscal cliff. the president and lawmakers have just hours left to reach an agreement before the midnight deadline. tonight on ktvu channel 2 news at 5:00, a live report from washington and a look at the impact these last-minute talks are having today. >>> again, thank you for trusting ktvu channel 2 news. we'll see you the next time news breaks. also, we're always here for you at ktvu.com and mobile...
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Dec 31, 2012
12/12
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. >>> now to continuing coverage of that looming fiscal cliff. 15 hours from right now the u.s. economy will go over that cliff unless congress and the white house can work out a last minute deal. if there is no new budget deal by midnight tonight, east coast time, income tax rates will go up for all americans. coming up at 6:15 the new numbers that are being thrown around this morning. >>> it is 6:07. starting tomorrow alameda county grocery stores and most other stores that sell food or alcohol cannot distribute plastic bags to their customers. in place of the single use bags stores are allowed to use paper or reusable bags but they have to charge at least a dime for each bag. customers are being encouraged to bring their own bags when shopping. restaurants can still provide plastic bags to customers. >> i'm trying to remember. >> some of the places i go they give you a discount. they give you five cents if you bring your own bag. >>> time now 6:08. tara is back to talk about your commute. you're also telling us about free rides for new years eve. >> that is right. muni is fre
. >>> now to continuing coverage of that looming fiscal cliff. 15 hours from right now the u.s. economy will go over that cliff unless congress and the white house can work out a last minute deal. if there is no new budget deal by midnight tonight, east coast time, income tax rates will go up for all americans. coming up at 6:15 the new numbers that are being thrown around this morning. >>> it is 6:07. starting tomorrow alameda county grocery stores and most other stores that...
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Dec 27, 2012
12/12
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. >>> well, the fiscal cliff deadline not having a positive effect on the markets as we take a look at the numbers for you plus video of an aquarium full of sharks bursting at a mall in shanghai. >>> all right, there is a live look at your big board this morning, the dow is down only about 32 points, stocks moving up and down as this fiscal crisis continues, the markets dipped this morning after senate majority leader harry reid said a deal may not be reached, they recovered after the house announced they will reconvene, expect more of that because of that. >>> this morning the labor department reported a better than expected report on the number of jobless claims, 350,000 people filed for first time unemployment benefits last week, down 12,000 from the week br. but the decline may be exaggerated by the christmas holiday because government offices were closed monday and tuesday. >>> 16 people were injured after a shark filled aquarium burst at a 1407ing mall u in shanghai, check out this video, there it goes, it captured the moment when that 33 tonya aquarium shattered, it burst withou
. >>> well, the fiscal cliff deadline not having a positive effect on the markets as we take a look at the numbers for you plus video of an aquarium full of sharks bursting at a mall in shanghai. >>> all right, there is a live look at your big board this morning, the dow is down only about 32 points, stocks moving up and down as this fiscal crisis continues, the markets dipped this morning after senate majority leader harry reid said a deal may not be reached, they recovered...
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Dec 31, 2012
12/12
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economy will go over the fiscal cliff unless congress and the white house can work out a last minute deal. if there is no new budget deal by midnight tonight east coast time income tax rates will go up for all americans. coming up at 5:15 the two men leading the last minute negotiations. >>> the chp is trying to figure out what led up to a crash that killed a motorcycle rider in concord last night. it happened just before 6:30 on kicker pass road. the chp says no other cars were involved and it's unclear why the driver lost control. >>> three people are recovering after a crash after a car crashed into a concord funeral home. it happened yesterday afternoon at the we met brothers concord funeral chop ill on clayton road. it appears two teens were racing when they lost control and crashed their car into the building. the teens were taken to the hospital with serious injuries. a 66-year-old man who was inside the building has a broken leg. police interviewed a second driver that may have been racing the teens but have no arrests yet. >>> police officers are out there watching for drive
economy will go over the fiscal cliff unless congress and the white house can work out a last minute deal. if there is no new budget deal by midnight tonight east coast time income tax rates will go up for all americans. coming up at 5:15 the two men leading the last minute negotiations. >>> the chp is trying to figure out what led up to a crash that killed a motorcycle rider in concord last night. it happened just before 6:30 on kicker pass road. the chp says no other cars were...
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Dec 27, 2012
12/12
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FBC
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so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 250,000 and up. then he went to 400,000. what kind of compromise do we need from both side to get a deal done so that i don't have to keep boring people with this term fiscal cliff? >> right. to really get the deal done right you need about 4 troll trillion to get us back on track. that means pro-growth tax reform, entitlement reform
so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal...
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Dec 24, 2012
12/12
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KTVU
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. >>> and some in congress fear they may actually go over the fiscal cliff. where both sides are right now. ♪ you used the oven? boom ♪ [ male announcer ] pillsbury crescents. let the making begin. here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let the making begin. >>> good morning. a frigid start. 30s and 40s outside our door. giving you a beautiful spot of union square. a great day too ice skate and maybe do some shopping. >>> at least two firefighters have been shot while responding to a house fire in new york. it happened shortly before 6:00 eastern time near lake ontario. firefighters were shot as they arrived at the scene. one is said to be in satisfactory condition. >> the other's condition is unknown at this hour. firefighters are not fighting the fire right now because they are waiting for police to finish evacuating the area as they search for a shooter. the fire has now spread to other homes. >>> the bickering contin
. >>> and some in congress fear they may actually go over the fiscal cliff. where both sides are right now. ♪ you used the oven? boom ♪ [ male announcer ] pillsbury crescents. let the making begin. here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let the making begin. >>> good morning. a frigid start. 30s and 40s outside our door. giving you a...
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Dec 25, 2012
12/12
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KTVU
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he may fly back in order to avoid the so called fiscal cliff. >>> pam is on fire right now. we have a lot of traffic to talk about, there is an accident in the south bay. >>> that's right, we have not a lot of details but the saratoga ramp is shut down. in san rafael we have a two car crash head-on with injuries. the impact was so severe the front wheels actually came off one car, all but one lane is closed and there is not a lot of traffic -- and there is a lot of traffic with a lot of debris in the roadway. >> not too many folks on the roadways as you make your way into the city. here is rosemary orozco. >>> giving you a look at storm tracker 2, picking up a few returns, a few sprinkles are falling and we are picking up a few sprinkles in bodega bay. we do have the possibility of a few light scattered showers with mostly cloudy conditions overhead. for some it is not as cold, upper 30s and 40s around the region. this is what i do expect with today's system. about half the amount of rain is sunday's storm and it is not quite as robust in this direction. we will watch this b
he may fly back in order to avoid the so called fiscal cliff. >>> pam is on fire right now. we have a lot of traffic to talk about, there is an accident in the south bay. >>> that's right, we have not a lot of details but the saratoga ramp is shut down. in san rafael we have a two car crash head-on with injuries. the impact was so severe the front wheels actually came off one car, all but one lane is closed and there is not a lot of traffic -- and there is a lot of traffic...
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Jan 1, 2013
01/13
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KTVU
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senate passes an 11th-hour bill to avert the fiscal cliff. this morning, it's the house of representatives' turn. >>> stanford fans are counting down the hours to today's big game. we have live coverage from pasadena on the 2013 rosebowl. "mornings on 2" begins right now. >>> well, good morning to you. welcome to "mornings on 2." i'm dave clark. >> i'm tori campbell. it's tuesday, january 1st, first day of 2013. >>> topping our news -- hundreds of thousands of people gathered along san francisco's waterfront at midnight to ring in the new year. but it was a holiday celebration marred by violence. ktvu's alex savidge tells us a 12-year-old boy was among three people who were shot. alex? >> reporter: well, as thousands packed the waterfront last night, someone opened fire here on embarcadero close to pier 2. a total of two people shot here. one of them a 12-year-old boy. he was hit in the foot but is expected to be okay. now, this happened about 11:30 last night, as people were waiting for the fireworks show to begin in san francisco. along wit
senate passes an 11th-hour bill to avert the fiscal cliff. this morning, it's the house of representatives' turn. >>> stanford fans are counting down the hours to today's big game. we have live coverage from pasadena on the 2013 rosebowl. "mornings on 2" begins right now. >>> well, good morning to you. welcome to "mornings on 2." i'm dave clark. >> i'm tori campbell. it's tuesday, january 1st, first day of 2013. >>> topping our news --...
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Dec 28, 2012
12/12
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KTVU
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happening right now the president is meeting with congressional leaders about the fiscal cliff. what other lawmakers are saying about the lack pouf of progress on a deal. >> steve paulson will be up in a few minutes to tell you about the light rain moving this way and what you can expect in your neighborhood over the weekend. >>> 100 years of muni, we will show you footage from the early days. [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high speed internet on our advanced digital network. choose
happening right now the president is meeting with congressional leaders about the fiscal cliff. what other lawmakers are saying about the lack pouf of progress on a deal. >> steve paulson will be up in a few minutes to tell you about the light rain moving this way and what you can expect in your neighborhood over the weekend. >>> 100 years of muni, we will show you footage from the early days. [ female announcer ] this is a special message from at&t. [ male announcer ] it's...
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washington taking america right over the fiscal cliff. and when that ball comes down in times square tonight, every american's taxes will go up. what happened? >>> the other breaking story tonight. hillary's health. doctors reveal it is a blood clot near mrs. clinton's brain keeping her in the hospital. dr. besser right here with what this means. and what mrs. clinton just told barbara walters after becoming the most traveled secretary of state. >> are you exhausted? >> i am. to be honest, i am. >>> the big chill. a million americans in times square tonight. this evening, the security, the weather. some of the coldest temperatures of the winter. and what we didn't know about something else that will be falling at midnight.
washington taking america right over the fiscal cliff. and when that ball comes down in times square tonight, every american's taxes will go up. what happened? >>> the other breaking story tonight. hillary's health. doctors reveal it is a blood clot near mrs. clinton's brain keeping her in the hospital. dr. besser right here with what this means. and what mrs. clinton just told barbara walters after becoming the most traveled secretary of state. >> are you exhausted? >> i...
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Dec 27, 2012
12/12
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KBCW
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when he arrives on thursday, it's right back to budget negotiations with the fiscal cliff deadline less than a week away. >> reporter: as the president wrapped up his vacation, federal workers trickled back into the nation's capital. the only people who can avert the fiscal cliff, members of the house and senate, have not returned. and in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average worker's paycheck in 2013 by about $1,500. long-term unemployment benefits for about 2 million jobless americans are also set to expire, and $110 billion worth of spending cuts to domestic and defense programs will kick in, forcing layoffs in the public and private sector. if congress doesn't act, all the cuts and new taxes will squish the economy back into a mild recession by mid-2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1st because the irs and other agencies didn't expect it to come to this. it could be a few weeks before workers see more money being withheld in their paychecks. >>> george h. w.
when he arrives on thursday, it's right back to budget negotiations with the fiscal cliff deadline less than a week away. >> reporter: as the president wrapped up his vacation, federal workers trickled back into the nation's capital. the only people who can avert the fiscal cliff, members of the house and senate, have not returned. and in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average worker's paycheck in 2013 by about $1,500....
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Dec 27, 2012
12/12
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FBC
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even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you know all the issues and housing, what are you looking for next year? >> three things have been really important, the first is the inventories of homes for sale are down sharply. that is great news for home sellers because there is less competition. bad news for buyers. demand is also up, rising rent, rising prices, both of those will get urgency. the growth hasn't been great but it has been enough to get people off the fence, people feel more secure so demand is up. and finally, credit. it will be important to look at what are the standards to get a mortgage, much harder to get a mortgage even thou
even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you...
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Dec 26, 2012
12/12
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KRON
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that short shows investors nervous as lawmakers fail to reach a deal to avoid the fiscal cliff. we'll be right back. here's stan roberts who found some people banking bad -- behaving badly. >> we're gonna turn right. >> reporter: every major highway, the chp puts out an all hands on-deck call. it's called maximum enforcement. >> at the next driveway we're gonna turn right. next driveway turn right. >> reporter: this means there is a maximum amount of officers on the road looking for violaters, like this driver who -- well, listen to the officer. >> the reason i stopped you, you weren't wearing her seat belt. >> reporter: the driver claims she forgot. that's not a good excuse. >> you got cited today for not wearing your seat belt. >> reporter: this driver was observed doing something that is all too common in the bay despite it being a violation of the vehicle code. >> drive. drive. drive. exit the freeway. exit the freeway. >> reporter: even driving while on the cell phone without the benefit of a hands-free device and yes, he did get a ticket. this driver ran a stop at a fronta
that short shows investors nervous as lawmakers fail to reach a deal to avoid the fiscal cliff. we'll be right back. here's stan roberts who found some people banking bad -- behaving badly. >> we're gonna turn right. >> reporter: every major highway, the chp puts out an all hands on-deck call. it's called maximum enforcement. >> at the next driveway we're gonna turn right. next driveway turn right. >> reporter: this means there is a maximum amount of officers on the road...
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Dec 31, 2012
12/12
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over the fiscal cliff at 9:00 p.m. our time. as kyla cam billion reports from our washington, d.c. newsroom, there's still a gap on raising taxes. >> reporter: republicans and democrats both say these negotiations are moving forward. the house is back at work this hour and we expect to hear from the senate when they start their day in about 45 minutes everyone the big et problem that needs to be -- biggest problem that needs to be solved is deciding who should pay more in taxes. democrats offered to raise taxes on households making $450,000. republicans were still hoping for the $550,000. but republicans dropped their demand to cut social security benefits. at that point, joe biden and mitch mcconnell took over negotiations. the two worked together in the senate for 23 years and have a strong history of finding compromise. >> i think there's some good news. the conversations continued late into the night last night. i think now there is a better than 50/50 chance that we will avoid the fiscal cliff by midnight tonight.
over the fiscal cliff at 9:00 p.m. our time. as kyla cam billion reports from our washington, d.c. newsroom, there's still a gap on raising taxes. >> reporter: republicans and democrats both say these negotiations are moving forward. the house is back at work this hour and we expect to hear from the senate when they start their day in about 45 minutes everyone the big et problem that needs to be -- biggest problem that needs to be solved is deciding who should pay more in taxes. democrats...
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Dec 29, 2012
12/12
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KGO
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. >>> there is movement in wad on a possibly tax cut deal that could avoid the dread td fiscal cliff. president met with house and senate leaders from both parties. president obama later revealed senate majority and minority leaders working behind closed doors right now to koum come up with a deal. he says he's optimistic but he talked about a back up plan. >> will urge senator read to bring a basic package to preproe detective the middle class from a hike. >> no details given but sources indicate the president did not make a new offer to republicans and pushed for a bill stopping looming tax increases on families earning less than $250,000 a year. >> a 24-year-old woman charged in qex killing of two volunteer firefighters in upstate new york on christmas eve. dawn nguyen accused of file filing a falsified business record, investigators say charges relate to purchase of an ar 15 rifle, and 12 gauge shotgun the shooter had when the firefighters were gunned down. three others were hurt before a 62-year-old killed himself. there is his shot. as a convicted felon he could not purchase wea
. >>> there is movement in wad on a possibly tax cut deal that could avoid the dread td fiscal cliff. president met with house and senate leaders from both parties. president obama later revealed senate majority and minority leaders working behind closed doors right now to koum come up with a deal. he says he's optimistic but he talked about a back up plan. >> will urge senator read to bring a basic package to preproe detective the middle class from a hike. >> no details...
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Dec 29, 2012
12/12
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KBCW
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fiscal cliff compromise will be a cliff hanger. >> and a step back in time. how you can buy a piece of the past from your favorite ride. >> grieve, i'm elizabeth cook. >> a man and child pull from the waters and sadly, neither survived. the coast gash got the call of two people in the warter near point bonita. alyssa is there. >> reporter: the bodies were taken to fort baker. the man and young boy were at black sands beach. known for it's beautiful views of the city and treacherous surf. this stretch of coastline in sausalito is where a man and child were swept to sea and drowned. they were found floating under the golden gate bridge. late this afternoon, around 4:00, a third person who was taken out by the waves was able to get out of the surf and call 911. >> rescue united arrived and recovered two bodies, one male adult and one child. >> reporter: the water, a chilly 53 degrees. there was a high surf advisory. the beach is popular for fishing and picnics an it is dangerous with steep paths an rocks. it was getting dark when the victims went in. >> we have
fiscal cliff compromise will be a cliff hanger. >> and a step back in time. how you can buy a piece of the past from your favorite ride. >> grieve, i'm elizabeth cook. >> a man and child pull from the waters and sadly, neither survived. the coast gash got the call of two people in the warter near point bonita. alyssa is there. >> reporter: the bodies were taken to fort baker. the man and young boy were at black sands beach. known for it's beautiful views of the city and...
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Dec 25, 2012
12/12
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KTVU
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he may come home early to avoid the so-called fiscal cliff. >>> a plan includes proposed projects to attract state i havers -- visitors. >>> 7:23. moving along in the day right now, tara, you know we talked about going to the golden gate park today. there is another gift that people should know about. >> there is a perk. free parking. >> yay! >> in san francisco today. yeah, free metered parking everywhere along a -- including along the embarcadero and fisherman's wharf. no street sweeping unless that sign says seven days a week of the including holidays. that's the good news -- a week, including holidays. that's the good news. you can see traffic is moving well along all directions. we have, really not a whole lot of people out there. hopefully everybody is opening their presents right now. down in the south bay, 237, milpitas, usually we see a lot of westbound traffic on the right-hand side of your screen but really own what? three cars right now. so that's great. here's rosemary. >>> we have a new storm rolling in in, in time for your christmas day. it looks like it could be wet a
he may come home early to avoid the so-called fiscal cliff. >>> a plan includes proposed projects to attract state i havers -- visitors. >>> 7:23. moving along in the day right now, tara, you know we talked about going to the golden gate park today. there is another gift that people should know about. >> there is a perk. free parking. >> yay! >> in san francisco today. yeah, free metered parking everywhere along a -- including along the embarcadero and...
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Dec 30, 2012
12/12
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KGO
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washington taking america right up to the fiscal cliff. three days now until higher taxes for all. will there be a deal? as americans and their 401(k)s already taking a hit, paying a brice because of that standoff. >>> crash landing. the jet that skidded off the runway nearly smashing into a crowded highway. >>> and back in the game. the football coach whose battle off the field inspired a major turnaround on it. and tonight, he's about to return.
washington taking america right up to the fiscal cliff. three days now until higher taxes for all. will there be a deal? as americans and their 401(k)s already taking a hit, paying a brice because of that standoff. >>> crash landing. the jet that skidded off the runway nearly smashing into a crowded highway. >>> and back in the game. the football coach whose battle off the field inspired a major turnaround on it. and tonight, he's about to return.
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Dec 25, 2012
12/12
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KPIX
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threat of a $7.5 billion in nonentitled services is. >> that fiscal cliff will hurt the city to the tune of almost $80 million right away. >> reporter: most of the cuts would be in health care, aids programs and housing. >> that's just an immediate hit. >> reporter: across the bay alameda county supervisor predicted -- >> our health clinics will get hut. our w. i. c. program which is a program for mothers they get nutrition for their newborn babies and we have several sites in alameda county that would also experience a large cut. >> reporter: education would also take a hit. >> this would undo a lot of the good a lot of californians are willing to invest in the schools. perhaps as much as 10% for the special needs students and the meals program that so many of the students in georgia are growing up -- california are growing up in poverty and they need that meal. >> reporter: it's not just the immediate cuts that worries the local officials, it's also the ongoing uncertainty that comes from the stalemate in washington. a stalemate that bay area officials fear could affect the econom
threat of a $7.5 billion in nonentitled services is. >> that fiscal cliff will hurt the city to the tune of almost $80 million right away. >> reporter: most of the cuts would be in health care, aids programs and housing. >> that's just an immediate hit. >> reporter: across the bay alameda county supervisor predicted -- >> our health clinics will get hut. our w. i. c. program which is a program for mothers they get nutrition for their newborn babies and we have...
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Dec 25, 2012
12/12
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KPIX
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investors sold stocks yesterday at the deadline but that deal to avoid the fiscal cliff on new year's if democrats and republicans can't compromise, tax hikes will kick in, the tax policy center said families making $50,000 a year will have to pay $2,400 more in taxes. >>> the excon who lured firefighters to their deaths left a note saying he wanted to burn down the neighborhood and do what i like doing best, killing people. >> we are being shot at. multiple fireman down, i'm shot. >> that was a call that a wounded firefighter made, william spangler burned his home yesterday and waited for first responders. he was armed a gun, a shot gun and a rifle. he opened fire when crews arrived. arrived. two firefighters were killed. >> just always there for you. you just take them for granted. you don't -- >> two more wounded are still in the hospital on this christmas day. spangler took his own life. his rifle is the same make and caliber weapon used by the newtown shooter. >>> families in connecticut are trying to find solace on this christmas day. the town is still reeling from the shooting
investors sold stocks yesterday at the deadline but that deal to avoid the fiscal cliff on new year's if democrats and republicans can't compromise, tax hikes will kick in, the tax policy center said families making $50,000 a year will have to pay $2,400 more in taxes. >>> the excon who lured firefighters to their deaths left a note saying he wanted to burn down the neighborhood and do what i like doing best, killing people. >> we are being shot at. multiple fireman down, i'm...
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Dec 25, 2012
12/12
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KTVU
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so that forced stores to cut prices and extend hours as consumers increased with the fiscal cliff became more cautious but not unfeeling. >> deals right now. more deals after christmas but somebody always has to open a gift at christmas. >> reporter: they had predicted a increase of 3.3%. but it just came out with a prediction of 2.5%, still an increase. reporting live, consumer editor tom vacar, ktvu channel 2 news. >>> a south bay sheet metal shop created a shiny work of art inspired by the holiday season. >> look at this. a 14-foot tall stainless steal christmas tree. >> everybody who sees it is excited. 10 people worked 500 hours to build the statue. >>> at the toy drive outside lefty o'doul's they are hoping for a christmas miracle. we will explain why they need help. >> bad accident on highway 84, but how are the rest of the roads doing? >> back here, rain to talk about for christmas day, when it starts, when it ends and how much you will see. back here in 10 minutes. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start
so that forced stores to cut prices and extend hours as consumers increased with the fiscal cliff became more cautious but not unfeeling. >> deals right now. more deals after christmas but somebody always has to open a gift at christmas. >> reporter: they had predicted a increase of 3.3%. but it just came out with a prediction of 2.5%, still an increase. reporting live, consumer editor tom vacar, ktvu channel 2 news. >>> a south bay sheet metal shop created a shiny work of...
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Dec 27, 2012
12/12
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KGO
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as we near that fiscal cliff, six days now until higher taxes for all. will there be a deal? also tonight, an abc news exclusive. barbara walters at the white house. asking michelle obama if she'll run for office next. and a personal question, too. >> how do you keep the fire going? >> hmm. that's a good question. >>> made in america.
as we near that fiscal cliff, six days now until higher taxes for all. will there be a deal? also tonight, an abc news exclusive. barbara walters at the white house. asking michelle obama if she'll run for office next. and a personal question, too. >> how do you keep the fire going? >> hmm. that's a good question. >>> made in america.
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. >> turning now to the fiscal cliff. it's cost americans more money in tax asks caused deep cuts to many programmer autos there is no deal. right now, congressional leaders said to be close toon agreement f it happens it won't be until tomorrow at earliest. >> abc 7 news has been monitoring the back and north and joins usry. mark, safe to say we may go over the cliff but not to a crash landing. >> you're right that. is a good way to put it. just hours until the fiscal cliff deadline, house republicans have pulled a plug. this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for households making up to $450,000 per year, increasing estate tax rate from 35% to 40%, and extend unemplo
. >> turning now to the fiscal cliff. it's cost americans more money in tax asks caused deep cuts to many programmer autos there is no deal. right now, congressional leaders said to be close toon agreement f it happens it won't be until tomorrow at earliest. >> abc 7 news has been monitoring the back and north and joins usry. mark, safe to say we may go over the cliff but not to a crash landing. >> you're right that. is a good way to put it. just hours until the fiscal cliff...
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Dec 31, 2012
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good night ,, ,,,,,,,,,,,,,, >> jeff: tonight partisan wrangling over the fiscal cliff. >> i'm willing to get this done but i need a dance partner. >> i want to be clear that there is still serious differences between the two sides. >> jeff: a divided congress reconvene for 11th hour negotiations. nancy cord cess on capitol hill. >> failure to act could force the economy back into recession. an uneasy wall street is much wag. >> another death today after the crash of a russian jetliner. barry peterson has the new video that captures the moment of impact. >> and icy rescue, carter evans shows us what happened when good samaritans in california headed for thin ice. >> give me the rope. >> now. captioning sponsored by cbs this is the "cbs evening
good night ,, ,,,,,,,,,,,,,, >> jeff: tonight partisan wrangling over the fiscal cliff. >> i'm willing to get this done but i need a dance partner. >> i want to be clear that there is still serious differences between the two sides. >> jeff: a divided congress reconvene for 11th hour negotiations. nancy cord cess on capitol hill. >> failure to act could force the economy back into recession. an uneasy wall street is much wag. >> another death today after the...
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Dec 27, 2012
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we are watching right now the fiscal cliff negotiations and traders are watching closely and it is a flat morning as they are on both sides of the aisle trying to work that out. >>> and now dave clark and pam cook are both off and we continue with ktvu channel 2 morning news. >>> there was a police shooting overnight in walnut creek. christian captain is near 680 with new information he found out within the past hour, christian? >> reporter: we have been on the scene since 4:30 and there is still a sizable police presence and we have seen some units just leaving in a few minutes. we have learned of course this was an officer involved shooting. if you take a look from our vantage point, the scene is at that brick wall you can see in the distance. police confirmed it all started as domestic violence and we have learned that the initial 911 call came in shortly before 3:15. >> we received 911 call transfer from the fire department at 3:13 this morning. there was screaming on the line. officers were dispatched and arrived within minutes. we received a radio transmission at 3:19 that shot
we are watching right now the fiscal cliff negotiations and traders are watching closely and it is a flat morning as they are on both sides of the aisle trying to work that out. >>> and now dave clark and pam cook are both off and we continue with ktvu channel 2 morning news. >>> there was a police shooting overnight in walnut creek. christian captain is near 680 with new information he found out within the past hour, christian? >> reporter: we have been on the scene...
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Dec 28, 2012
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economy will go over the fiscal cliff. >> you may be experiencing some really really light rain right now. that is for the extreme north bay and the bulk of the moisture is sitting off shore. this is the rain that could be affecting you right now and we could have more in the northernmost part of california. a lot of clouds are associated with this system. it will slowly make its way to the bay area. we're not seeing too much here on our models by 8:00 a.m. this morning. putting it into motion later on tonight it is running parallel to the coastline we could see some light rain for the coast. it will be in the north bay and it will not spread too far and land. there may be a pot of our waking up saturday morning. it is a cold start out there, pretty chilly in san francisco 45. 42 in oakland and upper 30's out the door in san carlos 35 for concord and livermore. the temperatures are as much as nine degrees colder than 24 hours ago. afternoon highs for today is that mostly cloudy conditions. san jose 54 in palo alto and turning our attention to the east bay upper '40's is that after the
economy will go over the fiscal cliff. >> you may be experiencing some really really light rain right now. that is for the extreme north bay and the bulk of the moisture is sitting off shore. this is the rain that could be affecting you right now and we could have more in the northernmost part of california. a lot of clouds are associated with this system. it will slowly make its way to the bay area. we're not seeing too much here on our models by 8:00 a.m. this morning. putting it into...
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Dec 30, 2012
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as lawmakers take us right up to that fiscal cliff. this evening, three days to go before taxes go up for all americans. will the president's pressure on congress bring in a deal? let's bring in jon karl on this. jon, are they any closer? >> a little closer, but they are certainly not there yet. tonight, congressional leaders are making one last-ditch effort to keep most americans from waking up to a big tax like on new year's day. with just three days left, finally a glimmer of hope. >> i'm hopeful and optimistic. >> whatever we come up with it's going to be imperfect. some people aren't going to a like it. >> reporter: right now, it's all in the hands of the two senate leaders. democratic harry reid and republican mitch mcconnell. they're working on a mini-deal that would prevent a tax increase for roughly 98% of american workers. extend unemployment benefits that are set to expire for some 2 million people. and prevent a huge cut in payments to medicare doctors. what took so long? >> the american people are watching what we do here.
as lawmakers take us right up to that fiscal cliff. this evening, three days to go before taxes go up for all americans. will the president's pressure on congress bring in a deal? let's bring in jon karl on this. jon, are they any closer? >> a little closer, but they are certainly not there yet. tonight, congressional leaders are making one last-ditch effort to keep most americans from waking up to a big tax like on new year's day. with just three days left, finally a glimmer of hope....
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. >> accept at is voting right now to keep our nation from going over the fiscal cliff in a big way. plan has been agreed upon by the white house and senate republicans. it is all to the avoid tax increases and stop sweeping spending cut cuts. good evening. carolyn johnson has the night off. >> we are now officially over the fiscal cliff because it's past midnight east coast time but on this new year's eve late night work continues in washington to avoid tax hike and budget cut. democrat voting on the deal between the white house and congressional republicans in the senate. karen travers has the latest development from capitol hill. >> don't start popping the champagne just yet but my knowledge step to avoid the fiscal cliff tonight. after days of intense negotiations, the white house and senate republicans reached a deal. tonight vice president biden went up to capitol hill to sell it to senate democrats. >> happy new year. >>reporter: biden swooped in at the 11th hour to hammer out an agreement. that would permanently extend the bush tax cut for individual making under 400,000. hou
. >> accept at is voting right now to keep our nation from going over the fiscal cliff in a big way. plan has been agreed upon by the white house and senate republicans. it is all to the avoid tax increases and stop sweeping spending cut cuts. good evening. carolyn johnson has the night off. >> we are now officially over the fiscal cliff because it's past midnight east coast time but on this new year's eve late night work continues in washington to avoid tax hike and budget cut....
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. >> looks like dow futures are headed well to the positive right now in hopes of a deal on the fiscal cliff. we'll be back as the kron4 morning news continues in just two minutes. a live look at san jose, it is chilly out there and temperatures are down and the 30's and the inland spots around the bay. traffic is very light in the traffic you are seeing is the 1 01 northbound approaching the 87 interchange. >> the last trading day of 2012. we saw the down dollar down last week with concerns about the fiscal cliff. there are some hopeful signs this morning that a deal was as in the works. dow futures are up 77 points ahead of the opening bell. let's get an update on the eve forecast with erica. >> good morning and it is a cold start. a lot of your actually below the freezing point. it is clear, we have no business issues with visibility. new year's night could be the coldest of the season thus far. and would not be surprised if a freeze warning went into affect but generally dry conditions for the remainder of the week. the exception is thursday, slight potential for some rain for some
. >> looks like dow futures are headed well to the positive right now in hopes of a deal on the fiscal cliff. we'll be back as the kron4 morning news continues in just two minutes. a live look at san jose, it is chilly out there and temperatures are down and the 30's and the inland spots around the bay. traffic is very light in the traffic you are seeing is the 1 01 northbound approaching the 87 interchange. >> the last trading day of 2012. we saw the down dollar down last week with...
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Dec 26, 2012
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>>>dow down, weakness on the retail sector and worries over the fiscal cliff keeping low. s and p and nasdaq also in the red. >>> today's price report shows average home prices up more than 4% in the 20 largest markets, prices here in the san francisco bay area are up even more. prices jumped 8.9% in october compared to the same time the year before. they increased .7% froms. that bucked the national trend where values dipped compared to september. >>> today on the news at five the latest on that body found in santa rosa, also the weather remaining an issue for parts of the bay area though the storms have moved out. and a look at the trouble spots and in the sierra where a storm warning is in effect for the rest of the day and there are concerns up there about some avalanches. thank you for trusting us. we will see you the next time news breaks, also always here at ktvu.com and mobile ktvu. have a great afternoon everybody. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing
>>>dow down, weakness on the retail sector and worries over the fiscal cliff keeping low. s and p and nasdaq also in the red. >>> today's price report shows average home prices up more than 4% in the 20 largest markets, prices here in the san francisco bay area are up even more. prices jumped 8.9% in october compared to the same time the year before. they increased .7% froms. that bucked the national trend where values dipped compared to september. >>> today on the...
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Jan 1, 2013
01/13
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senate will avoid the fiscal cliff and a vote is expected this morning. he said neither republicans nor democrats got everything they wanted and this a agreement should work and the house should pass it without delay. the house of representatives should reconvene at 9:00 our time. will house republicans try to block house of that senate pill. >> they have hundreds of new laws and they just took a affect today. and we will tell you about one that affects you if you use facebook. >> reporter: well there are a total of 876 new laws in the books in our state and one is designed to protect homeowners trying to avoid foreclosure. this new law would prevent banks from starting the foreclosure basis and it will protect people going through alone modification. and you can still go ahead with the for close to our some time. it is now illegal to use facebook user i.d. and password to keep their jobs. colleges and user add mixes are also prohibited in doing the same thing and can no longer ask the students. driver less cars, pay paves the way and they are a bay area
senate will avoid the fiscal cliff and a vote is expected this morning. he said neither republicans nor democrats got everything they wanted and this a agreement should work and the house should pass it without delay. the house of representatives should reconvene at 9:00 our time. will house republicans try to block house of that senate pill. >> they have hundreds of new laws and they just took a affect today. and we will tell you about one that affects you if you use facebook. >>...
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Dec 27, 2012
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. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe taxes will go up next year. >> one of the things that is being floated right now is people are advising people to get out of dividend paying funds, high dividend yield funds and move more into tax exempt bonds and things like that that won't be taxed. >> reporter: the current budget negotiations between president obama and house speaker john boehner also could mean the re
. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows...
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Dec 25, 2012
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that fiscal cliff will hurt the city to the tune of almost $100 million right away. >> reporter: most of the cuts could be in health care, welfare programs for the poor, aids programs and housing. >> that's just an immediate hit. >> reporter: across the bay, alameda county supervisor predicted -- >> this is going to shred the safety net even more. the health clinics that serve the uninsured and under insured will get cut. our wic programs for mothers and we have severals sites that would also have a large cut. >> reporter: education would also take a hit. >> this would undo a lot of the good particularly special needs students would have the programs cut perhaps as much as 10% and the meals programs that so many of the students in california are growing up in poverty. a quarter of the students growing up in poverty and they need that meal. >> reporter: not just the immediate cuts, it's also the ongoing uncertainty that comes from the stalemate in washington. a stalemate that bay area officials fear could affect the economy just when it's starting to recover. >> we are looking forward
that fiscal cliff will hurt the city to the tune of almost $100 million right away. >> reporter: most of the cuts could be in health care, welfare programs for the poor, aids programs and housing. >> that's just an immediate hit. >> reporter: across the bay, alameda county supervisor predicted -- >> this is going to shred the safety net even more. the health clinics that serve the uninsured and under insured will get cut. our wic programs for mothers and we have severals...
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Jan 1, 2013
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probably doing the right thing to keep the country from going off the fiscal cliff. they do have to count heads to figure out how many people are willing to stick their necks out for this deal, whether they think it does the job and some people said they want to see the legislative language so it may be a long night ahead. >> bret: definitely. mike emanuel. we'll head back for any breaking news. thank you. ed henry standing by if he white house with the latest there. vice president biden may be on the move soon. ed? >> good evening, bret. they say they are waiting for whether or not the democrats will hold a caucus meeting tonight. that's obviously still unclear. if they have that meeting, the vice president is expected to be there to try and sell this. republicans are charging though that the president may have messed up this deal with a little bit of excessive celebration earlier. >> if we're going to be serious about deficit reduction and debt reduction, then it's going to have to be a matter of shared sacrifice. at least as long as i'm president. and i'm going to
probably doing the right thing to keep the country from going off the fiscal cliff. they do have to count heads to figure out how many people are willing to stick their necks out for this deal, whether they think it does the job and some people said they want to see the legislative language so it may be a long night ahead. >> bret: definitely. mike emanuel. we'll head back for any breaking news. thank you. ed henry standing by if he white house with the latest there. vice president biden...
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Dec 28, 2012
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economy will grow over the " fiscal cliff. " >> what is happening right now high pressure is staying in place and it is falling down and stall in the system. it is currently 34 degrees in santa rosa. it is not a bad start for san francisco they're waking up to 43 degrees. as we take a look at the visibility map there is a dense fog forming. it is not too bad for napa and out in concord. reports of visibility down to this 3 tens of a mile. this is only the dangerous spot here. you may want to allow yourself a little bit of extra time. >> we are tracking the storm for you. we will not see too much moisture associated with this. we will see cloud cover that will start to run but. all the white on the screeby 3:00 p.m. most of the moisture will be sitting off shore. the shower chances will increase later on tonight into the morning. by 9:00 p.m. we may have some light rain for the shoreline. as we continue to advance the clock showers will pass through for overnight hours. >> as we take a look at the afternoon highs it will be a another cold one. it will be 49 degrees for fairfield and 5
economy will grow over the " fiscal cliff. " >> what is happening right now high pressure is staying in place and it is falling down and stall in the system. it is currently 34 degrees in santa rosa. it is not a bad start for san francisco they're waking up to 43 degrees. as we take a look at the visibility map there is a dense fog forming. it is not too bad for napa and out in concord. reports of visibility down to this 3 tens of a mile. this is only the dangerous spot here....
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cliff. the big cliff still lies in front of us. >> reporter: president obama had scolded congress for waiting so long. >> one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> reporter: the bush-era tax cuts remain in place for individuals earning as much as $400,000 a year, far above the 250,000 level on which president obama campaigned. but those making more will see higher income taxes, capital gains, plus a new health care reform surtax. rob wood says you'll notice in your paycheck one popular tax cut will be history. >> the average person, say, earning $50,000 a year is going to pay about $1,000 more in payroll taxes in 2013. >> reporter: the fiscal cliff agreement also increases taxes on estates worth more than $5 million and extends unemployment benefits for one year and keeps the child tax credit for workers who don't earn enough to pay income taxes. the alte
cliff. the big cliff still lies in front of us. >> reporter: president obama had scolded congress for waiting so long. >> one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> reporter: the bush-era tax cuts remain in place for individuals earning as much as $400,000 a year, far above the 250,000 level on which president obama campaigned. but those...
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lawmakers taking us right to the edge of the fiscal cliff. will every american see their taxes go up when that famous ball drops? our chief white house correspondent jon karl on the behind-the-scenes scramble tonight. >>> on ice, the deadly accident in the west. the frigid system moving into the east, just as many dig out from more than a foot of snow. meteorologist ginger zee standing by tonight. >>> caught on tape, the chilling new view of that deadly crash landing, the jet spinning to a halt feet from a bustling highway. tonight, who authorities are now zeroing in on. >>> and amazing grace. what we're now learning about the presidential serenade from the oak ridge boys. ♪ amazing grace how sweet the sound ♪
lawmakers taking us right to the edge of the fiscal cliff. will every american see their taxes go up when that famous ball drops? our chief white house correspondent jon karl on the behind-the-scenes scramble tonight. >>> on ice, the deadly accident in the west. the frigid system moving into the east, just as many dig out from more than a foot of snow. meteorologist ginger zee standing by tonight. >>> caught on tape, the chilling new view of that deadly crash landing, the jet...
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Dec 27, 2012
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to try to reach a deal to avoid the so-called fiscal cliff. he boarded air force one overnight and will be arriving in maryland around 8:45 this morning. the president cut short his vacation. democrats and republicans have just four days to reach a deal before mandatory budget cuts and tax increases kick in january 1st. >>> new senator representing hawaii will arrive on capitol hill today. lt. governor will fill the seat left vacant by the death of senator daniel inouye. he was chosen from a list of three yesterday. the 40-year-old has served as state lawmaker and chairman of the hawaii democratic party. he will serve until an election in 2014. >>> lance armstrong has until today to appeal the ban imposed on him. he lost his seven titles december 6th, when the international cycling<ç÷%Ñ union banned him from the sport for life. penalties came after the united states anti-doping agency hit him with similar sanctions for using banned substances. armstrong did not appeal. it appears he won't challenge this latest ban. >>> gun buy-back in los a
to try to reach a deal to avoid the so-called fiscal cliff. he boarded air force one overnight and will be arriving in maryland around 8:45 this morning. the president cut short his vacation. democrats and republicans have just four days to reach a deal before mandatory budget cuts and tax increases kick in january 1st. >>> new senator representing hawaii will arrive on capitol hill today. lt. governor will fill the seat left vacant by the death of senator daniel inouye. he was chosen...
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. >>> avoiding the so called fiscal cliff, obama released a statement saying while neither democrats nor republicans got everything they wanted, this agreement is the right thing to do for the country and the house should pass it without delay. now the house of representatives will reconvene, coming up at 5:15, the big question, will house republicans block the senate bill from passing. >>> it is 5:03 this morning. salvano county follows ahead on collision -- head-on collision, the accident happened near the river bridge on highway 12 east of rio vista. they have not released details about what caused the crash or if alcohol was involved. meanwhile law agencies are cracking down on drunk drivers and dui checkpoints were set up across the area and chp officers were patrolling the highways. the number of dui arrests were down compared to last year but new numbers for this year's crackdown should be released sometime today. >>> well new this morning, 2013 means california has certain new laws that take affect today. allie rasmus is joining us live from oakland with the details affected
. >>> avoiding the so called fiscal cliff, obama released a statement saying while neither democrats nor republicans got everything they wanted, this agreement is the right thing to do for the country and the house should pass it without delay. now the house of representatives will reconvene, coming up at 5:15, the big question, will house republicans block the senate bill from passing. >>> it is 5:03 this morning. salvano county follows ahead on collision -- head-on...
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senate passed a bill to avoid the fiscal cliff and now the house will meet to vote. it does raise taxes on individuals making $400,000 a year. president obama call would the bill right for the country. number four, fourth anniversary of the shooting death of oscar grant. he was shot by a b.a.r.t. police officer in a ruckus gathering. the officer was convicted of manslaughter and sentenced to two years in prison. number 5, floats are ready and the fans are lining the streets. that is in a few hours from now. pasadena smelled like roses when the parade got under way. keep an eye out for the kids in blue. and stanford takes on wisconsin for football action. going for the rose bowl. good morning america is coming up next . 8:00 rose parade kicks off and you can watch it here on abc 7 . mike shuman is in pasadena for the rose bowl. you can see the report later today on abc sen. knowing him, he will have a great time. weather for the game. >> lots of sunshine and maybe a passing cloud or two. >> and for us. >> thanks. it is pair the air and there could be poor air quality
senate passed a bill to avoid the fiscal cliff and now the house will meet to vote. it does raise taxes on individuals making $400,000 a year. president obama call would the bill right for the country. number four, fourth anniversary of the shooting death of oscar grant. he was shot by a b.a.r.t. police officer in a ruckus gathering. the officer was convicted of manslaughter and sentenced to two years in prison. number 5, floats are ready and the fans are lining the streets. that is in a few...
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Jan 1, 2013
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we're going to give you the late terrell owens fiscal cliff. they reached a tentative deal yesterday, but they will have to go to the house to vote on that and obviously to president obama. we'll let you know what happens with that. here's a live look outside. i can tell you at 4:27 in the morning on any other day would not be as crowded. you can see many cars in that direction still not a problem anywhere in the bay area. welcome back. time now is 4:29 in the morning as we take a live look outside from a roof camera at downtown san francisco. we'll be checking in with erica who has a look at your forecast in just a few minutes from now. now, get this. they had weeks, months to work on it, but of course they waited until the very last minute, scaring the entire nation. a m was proved on tax incruises and spending cuts, possibly avoiding the fiscal cliff. now the m goes to the house of representatives. ed payne has the story. >> reporter: at the stroke of med night, many americans were celebrating and bringing in the new year. but the mood in wa
we're going to give you the late terrell owens fiscal cliff. they reached a tentative deal yesterday, but they will have to go to the house to vote on that and obviously to president obama. we'll let you know what happens with that. here's a live look outside. i can tell you at 4:27 in the morning on any other day would not be as crowded. you can see many cars in that direction still not a problem anywhere in the bay area. welcome back. time now is 4:29 in the morning as we take a live look...
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Dec 24, 2012
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it's all because of the worries about the fiscal cliff. suzanne. >> all right. let's just listen in, and i'll bring you back for a bit. ♪ >> all right. there you go. allison, i want to bring you back for a couple quick questions here. we know the stocks are down, fiscal cliff. talk about what we think that means for us if we end up going over the fiscal cliff and you're looking at a lot of tax hikes as well as spending cuts. >> yeah. you have to believe if we go over the cliff that some sort of deal will happen up. if not within the first couple days of year, maybe the first couple weeks. what may happen is an impact right away to your paychecks in the early weeks of the new year. here is an idea of what we're in for anyway. we're going to see a lot of tax changes. payroll tax holiday. that would expire, and that means that the amount taken out of your paycheck would go from 4.2% to 6.2%, so that means if you're making $50,000 a year, it means $83 a month comes out of your paycheck. over the cliff it means you have a delay in tax refunds for the 2012 returns a
it's all because of the worries about the fiscal cliff. suzanne. >> all right. let's just listen in, and i'll bring you back for a bit. ♪ >> all right. there you go. allison, i want to bring you back for a couple quick questions here. we know the stocks are down, fiscal cliff. talk about what we think that means for us if we end up going over the fiscal cliff and you're looking at a lot of tax hikes as well as spending cuts. >> yeah. you have to believe if we go over the...
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Dec 28, 2012
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. >> the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york. thank you. >>> the country has lost one of its great warriors. tributes are pouring in this morning for retired general norman schwarzkopf. the general died yesterday in tampa after a battle with pneumonia. schwarzkopf commanded "operation desert storm" that drove iraqi forces from kuwait. in retirement, he championed causes. norman schwarzkopf was 78. >>> now, to former president george h.w. bush's condition. his chief of staff says he will be in the hospital for a while. the 41st president is recovering from a terrible case of bronchitis w
. >> the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy...
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Dec 27, 2012
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why some believe we will head over the fiscal cliff before washington takes action. >> reporter: the halls of power empty, although negotiators and the president are back at work. >> at the very least, let's agree right now on what we already agree on. >> reporter: an olive branch to the gop, and carrot to corporate giants. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loopholes that helped google, for instance, avoid $2 billion in taxes last year. >> corporations are a little concerned. >> reporter: gary is optimistic about a deal. >> i'd still rate it better than 50/50. >> reporter: what seems increasingly likely is to allow the country to go over that fiscal cliff, triggering higher taxes. that would allow hard line republicans to vote for lower taxes, a few days later. >> to make them look better? to appease voters. if that's the reason, great. >> reporter: some call it a low form of political shenanigans. >> i think that's horrible, they would put the american people through that. i don't think it's fair to the
why some believe we will head over the fiscal cliff before washington takes action. >> reporter: the halls of power empty, although negotiators and the president are back at work. >> at the very least, let's agree right now on what we already agree on. >> reporter: an olive branch to the gop, and carrot to corporate giants. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loopholes that helped google, for...
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Dec 24, 2012
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also this morning, a rather dire prediction about the fiscal cliff and what might happen when lawmakers return later this week. it's a pocketbook issue for all of us. >> some people are expecting to maybe go right over that cliff. >> more likely than a couple days ago. >>> and later this half hour, the christmas edition of our insomniac play list. your favorites performed with an updated beat. putting a new spin on some of the old christmas classics. >> good to see ceelo hanging out with the muppets there. >>> topping our news right now, the nra is not backing down from its call to place armed officers in the nation schools. >> congressman chris murphy whose district includes newtown calls it tone deaf and also revolting. >> reporter: from the brooklyn bridge in new york to the sidewalks of falls church, virginia, anti-gun protests are springing up around the country. the debate on gun control has also triggered a run on gun shows and gun stores. sales are soaring as people rush to buy assault weapons before a possible ban. >> we're completely out of the so-called assault weapons. so th
also this morning, a rather dire prediction about the fiscal cliff and what might happen when lawmakers return later this week. it's a pocketbook issue for all of us. >> some people are expecting to maybe go right over that cliff. >> more likely than a couple days ago. >>> and later this half hour, the christmas edition of our insomniac play list. your favorites performed with an updated beat. putting a new spin on some of the old christmas classics. >> good to see...
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Dec 28, 2012
12/12
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-- meet with leaders from capitol hill hoping to avoid the fiscal cliff. spending cuts and tax hikes will go into effect unless lawmakers can broker a deal. >> reporter:cx$z president obama will4zkn:eÑ with congressional leaders later today at the white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. >> i have to be honest mr. president, i don't know timewise how it can happen now.((?u >> reporter: harry reid lashed out at house speaker bane area out at house speaker bane area caution him ofrm" dictatorship. >> boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> reporter: republicans blame democrats. >> republicans aren't about to write a blank cheque or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his speaker boehner call the house back into town for an unusual sunday session. members of congress un
-- meet with leaders from capitol hill hoping to avoid the fiscal cliff. spending cuts and tax hikes will go into effect unless lawmakers can broker a deal. >> reporter:cx$z president obama will4zkn:eÑ with congressional leaders later today at the white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. >> i have to be honest mr. president, i don't know timewise how it can happen now.((?u >> reporter: harry reid lashed out...
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Dec 26, 2012
12/12
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-- that we're probably not going to go off the fiscal cliff or if we do go off the fiscal cliff it will be a small package of some tax increases, some spending cuts, but it's not going to put the economy into a recession. so what i've been telling clients is let's just hold the line right here. let's not sell precipitously. let's wait until we see the outcome. but right now i think there's a real good chance that the outcome could be positive or will muddle our way through this significant problem. >> ifill: let me ask you a question which politicians kept bringing up during this last election which is the that the uncertainty is what makes people nervous in the business world. is this the kind of uncertainty they were talking about? >> it absolutely is. you mentioned before the retail sales numbers for this christmas season and the retail sales numbers for this christmas season were very poor, very soft. this is both individuals and individuals affecting companies making decisions and it's really largely driven by their significant uncertainty about what's going to be their tax rate in
-- that we're probably not going to go off the fiscal cliff or if we do go off the fiscal cliff it will be a small package of some tax increases, some spending cuts, but it's not going to put the economy into a recession. so what i've been telling clients is let's just hold the line right here. let's not sell precipitously. let's wait until we see the outcome. but right now i think there's a real good chance that the outcome could be positive or will muddle our way through this significant...
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Dec 30, 2012
12/12
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of the fiscal cliff, that 1.2 trillion dollars in mandatory budget cuts, spending cuts that are also due to kick in this tuesday. the thinking up here goes like this, let's handle the tax cuts now, and readvise the spending cuts later. >> thank you. in addition to the $500 billion in automatic tax hikes, as you just heard from wyatt, the fiscal cliff also includes 1.2 trillion in mandatory spending cuts. congressional democrats and republicans agreed to these drastic cuts last year, to force both parties to the table on deficit reduction. if they can agree by monday at midnight, the following cut take effects. over the next nine years, the u.s. defense budget would be reduced by $455 billion. domestic programs would be slashed by 464 billion. 1,000 government programs face potential cuts, including three that directly impact air travel. john bentley has the story. >> reporter: long waits at airport security are nothing new. but if the u.s. government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administra
of the fiscal cliff, that 1.2 trillion dollars in mandatory budget cuts, spending cuts that are also due to kick in this tuesday. the thinking up here goes like this, let's handle the tax cuts now, and readvise the spending cuts later. >> thank you. in addition to the $500 billion in automatic tax hikes, as you just heard from wyatt, the fiscal cliff also includes 1.2 trillion in mandatory spending cuts. congressional democrats and republicans agreed to these drastic cuts last year, to...